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OverviewAPI
The global luxury watch market is experiencing steady growth, with a projected value of USD 148.50 billion by 2031. Product innovation, particularly in smartwatches, is a key driver, though smartphones present a challenge. Asia-Pacific leads the market, with China, Hong Kong, Japan, and India showing notable growth. Major players like Rolex, Apple, and Swatch Group dominate the industry, focusing on expanding product lines to meet evolving consumer preferences.

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